a europe which is no longer open to the transcendent dimension of life is a europe which risks slowly losing its own soul and that humanistic spirit which it yet loves and defense. taking as a starting point is opening to the transcendent, i would like to reaffirm the centrality of the human person, which otherwise is at the mercy of the fashions and the powers of the moment. i consider fundamental not only the legacy that christianity has offered in the past to the social and cultural formation of the continent, but also and above all the contribution which christianity has to offer today and in the future to europe's growth. that contribution does not represent a threat to the secularity of states or independence of the institutions of the union, but rather an enrichment to them. it is clear from the ideals which shaped europe from the beginning such as peace, subsidiarity, and reciprocal solidarity, and a humanism based on respect for the dignity of the human person. so i should like to reiterate the readiness of the the holy see and the catholic church through the commission of th

but also western europe. policymakers in eastern and central europe welcomed this misinformation campaign to have hungary, slovakia, and ser all three leadersediately stated that there might be a new nuclear war and a world war iii scenario if we continue to help ukraine. this is really important because one thing russia understands, it is really how mirror emerging works. so that is something that they are really good at. another topic that i would love to discuss is russia's obsession with color revolutions. you follow what is happening in georgia right now and and serbia-- and in serbia with massive protests, and earlier what was happening in armenia. there were a lot of protests including an slovakia before and i can go on and on. it is always a scenario where russia is pushing in the this information -- in the disinformation space how the united states is pushing -- we can literally just change the name of the country. same outlet, same narrative, same people, same language. they don't even have to spend

with europe itself. change a to what extent that change will look like in the near future. hush him as always, thank you so much. hush him. oh, bar for us in brussels. as the united states is the european union's largest pontiff exports, and it's the 2nd largest full and ports you're a stat figures show the e u exponent goods with more than $600000000000.00 to the us last year while the us and goods with more than $370000000000.00 to the block. in 2020 full, the us trade deficit for the a. u was $236000000000.00. that's according to the office of the us trade representative. europe's defense relies heavily on the us. washington provided 64 percent of the width and imported european nathan members between 20202024. that to reduce dependency only us the european commission has proposed increasing defense spending by more than $800000000.00. the block is also looking to strike free trade agreements with a number of other countries. theresa fallon is the director of the center for russia, europe, asia studie

china europe is in. the europe -- the u.s. would like europe to be with them and put tariffs on china and work together. that is almost surely not going to happen because the way europe was never eager to do it in the way europe and others have been treated implies this will not happen. i think europe should be more on the side of china but not an ally of china because we have a number of tensions and problems to solve. there has been a number of attempts to create eu-china agreements or relations between the eu and the tpp. these are things we should explore and create if you want to call it safe spaces or coalitions of the willing. i think good things could happen there. listening to larry, it is clear there is a big tension between what is happening in the u.s. and the way the rest of the world is reacting, whether the rest of the world will be able to avoid some of the worst outcomes which will happen in the u.s. is to be seen. i see possibilities for europe to do good things. larry: if you will permit me a small disagreem

and eastern europe. >> i will try to connect it to the transatlantic national security. it's true. we live now in a different world than we lived the last 30 years. happily. we used to be happy with globalization. at the same time, business incomes. we used to be a euro asian company. we decided before covid that the world is becoming a globalized, decoupled, fragmented, multi-puller. we think that for us as a business, it's time to come home. we believe that it's best to do business in democracies. we are a mass-market company. to do it with rule of law. not enough is being said about china being a communist country with no equality or law on the local level. beijing is a superpower. it's real. there is nationalism in asia. now we invest 85% of our money in europe, u.s., middle east. this is our turf. we are very happy about it. in the case of europe, you are right. three fastest growing economies of europe. poland, romania, croatia. all three countries, they are not debt rich. i don't want to say poor.

the someone is going to be quite a decisive well relationship on the right of the union of europe. europe and the united states is going to go. but i would not like for us now to point fingers or to blame each other for a certain comment or narrative or a certain it needs to show that we have a lot about the tool that we mean business. and that's now we are booking about that, so it's a new defense and i want to see this money on the table and invested in the gums. and then we as your maybe and you will. we have not yet. i want to look a little bit more closely at your own domestic security right now. how encouraged are you by efforts of your european allies to bolster to bolster your own defense? because on the one hand, you will be defended by a german brigade in 2027. and yet the you decided not to allocate funding for a drone wall initiative to boost your border security. well, you might see closer than ever. so for example, you can stop and be a meetings of jeff meetings of the both the and that's the, that's the nor did baltic a alliance for our viewers to don't know. those are the

europe's defense. on the indo pacific and not on the host of other missions that nato has taken upon itself recently to field in recent years and to track from the alliance's proper focus on war fighting and deterrence. president trump is about to achieve peace through strength and the department of defense will do its part. now it is time for our nato allies to do theirs and through the process set conditions for lasting peace in europe. thank you. >> thank you. you are recognized. >> thank you, chairman. chairman rogers, ranking member smith dear distinguished members of the committee. it is an honor to be here today representing the men women of european command. it is an honor to be here with the sergeant major who has been with the entire command term. and i am glad to be sitting here next to the person performing the duties of the assistant secretary of defense thompson. thank you for your condolences for the soldiers that we lost in lithuania ladies and gentlemen. our heartfelt condolences go ou

but also elsewhere in western europe and central europe, and show the european union and as i mentioned the book the states, i worry the hybrid operation might where they make sure we do not respond. the enlargement that's happening right now putting. and democracy more. i know it's a bold statement but i will take a moment to explain why i firmly and behind this. this directly from russia and information worse. if you do not believe me in the last few minutes, you are more than welcome to read a direct quote about their plans to and the government and they open the claim information and largely lay the groundwork so how does russia operate? they plan to target decision-making processes this is the cornerstone information operation. we discussed operations, we talk about a random boston control targeting the audience but not coach coach media. an opponent especially prepared information and make predetermined decisions and in plain english, i'm going to see my opponent with certain information that will benefit, and one thing, she's really good at, understand how their enemies think. th

i mean, until now it's always been a discussion in europe that europe and the united states compose deal with these trade issues with china better if they work together. right? but donald trump has launched a trade war again to europe, but the same time when a low level, but still hostile. do you see any scope? let them, i mean, freezers match in an interview. recently did say that he wants to go until to donald trump in that 1st conversation, he wants to talk about china and trade and time on all of these issues. do you think there is any real scope for you or, and germany and the united states to work together on this for is the, the kind of the all directions. disruption of donald trump going to make that almost impossible. it really doesn't look very good at the moment on this. i mean, i think the european side at the level and a number of the main member states had expected that when they said ministration came into office, the china would be a really big cycle point. and were things that the 2 sides could do together we, we face in the number of these industrial sectors, this, thes

bedrock of europe. it's economic policies that make the most competitive. it's national security policies. i mean, these guys, on the one hand, their leadership, i'm talking about say that russia is the biggest threat in the entire world. meanwhile, they buy billions and billions of dollars of russian gas and they spend one percent of their g, d, p on defense. while we're spending 3 or 4 percent of our g, d, p. they would, the rhetoric in europe just doesn't match the reality. oh, well, well, hold that to be fair. the you have been trying very hard not to by rushing gas. can't really manage to do that entirely. still buying 18 percent of its gas from russia, but it hasn't bending over backwards to instead become completely dependent on american l. n. g as a sort of piece offering now. so trump hoping to avoid terrace, but apparently the problem with that whole plan was that team trump had its phone off the hook. well, at least with respect to your, its costs. so you're never quite managed to become as r

europe.try's philosophy that maybe europe should do it should should pay its freight. so it's not a wrong philosophy. people don't realize that there's this gulf between when the us government buys them and when europe buys them, and you can't just, like, switch it like this right there, much to zelensky's chagrin. >> it is a large company rtx. i mean, you think about collins aerospace, raytheon, pratt and whitney. they're all in there. >> pratt whitney was a good quarter. >> yeah it was yeah, yeah. and she was part of the same. >> company. ge defense was very good. >> speaking of things that fly okay worth mentioning boeing a fairly large sale to private equity. tillman bravo the. >> thoma bravo. >> yeah. 10.5 billion. it's all cash. don't know about the financing. i'm always interested to see if private, you know, private credit is stepping up in these deals. oftentimes they are. but the deal itself is for what they call their digital aviation solutions business. and it includes jeppesen fo

i quite like the domestic sphere in europe generally. i mean, by definition these are more euro earners and less dollar earners. and we've taken down our dollar view over this next year. by implication, they're less exposed to the tariffs because they're more domestic businesses. and oftentimes that's not always the case. they can be more defensive as well. but i also agree they're exposed to things like the fiscal spend. and it may be that as part of a policy response to trump and the tariffs, the eu decides to look to spend an even more fiscally over this next year. >> what about china? >> how does it enter your thinking here? and how do you think about the european stocks that are most exposed to china? it feels like it's still pretty unclear how everything's going to shake out in china. and the one hand, they're looking to spend more to stimulate the economy, but they're also doubling down, it seems, on the tariff front. so it's really hard to gauge. >> i know, i know, and i think going into this, the run rate of the first quarter in

there is one thing that one little difference between western europe and eastern europe. central eastern europe, we have always been quite cautious about russia. and i can add to this. our countries were created thanks to the united states, 1970, 1980 and fruman and ronald reagan, bill clinton and madeleine albright. there is strong support, and i think we get it a little bit earlier than our colleagues for example in south europe. we do our 2% nato spending and we will do more. we need to be more active. we need to spend more on national security. there was a topic of sourcing and procurement and russian energy. i think we already learned how to live without russian energy the last two years, even germany, so i think we should go back and pick up on this, and this is the way we can have -- not us, because this is the european commission to negotiate trade, but to talk about lng, transatlantic support in energy. so there is the way how we can help each other and this thing, finally hybrid warfare. it was touched by the vice prime minister of rimini up before. hybrid war i

to europe. i mean, he plays right into their hands so i think you should do the rate cuts. we don't really have inflation now. i just said the major things are going down. oil is great. oil is way ahead of schedule. and that is because of our policies, but oil is down into the $60, $65 range now per barrel. and i told you, in certain states, we have less than two dollars for gasoline. food is down, groceries, as we call it, are down. other than interest rates, everything is down. interest rates are pretty flat. it is not that they are up but we should be better than flat. if he would lower the interest rate, i think it would have a good impact on that, too. but the costs are down. we have very little inflation, essentially no inflation. hard to have inflation when oil goes down, when. when biden came in, oil went through the roof and that is what caused the problem, that and his very dumb spending. but when the oil prices go down, and they have gone down a lot, we have gotten it down really good

of europe, even europe and the united states is going to go. but i would not like for us now to point fingers or to blame each other for a certain comment or narrative or a certain or a certain decision. because we are now in a position where europe needs to show that we have a lot about tools that we mean and that now we are booking about that. so it's a new defense funding plans like states or we are about 160000000, right? i want to see this money on the table and invested in the gums and then we as your maybe then you will not, we are not yet. i want to look a little bit more closely at your own domestic security right now. how encouraged are you by efforts of your european allies to boost up to bolster your own defense? because on the one hand, you will be defended by a german brigade in 2027. and yet the you decided not to allocate funding for a drone wall initiative to booster border security. will you be able to solve that on the national level as well? we are now working with all of our the same 5 see close of an hour. so for example,

to europe. i mean, he plays right into their hands so i think you should do the rate cuts. we don't really have inflation now. i just said the major things are going down. oil is great. oil is way ahead of schedule. and that is because of our policies, but oil is down into the $60, 60 five dollar range now per barrel. and i told you, in certain states, we have less than two dollars for gasoline. in food is down, groceries, as we call it, are down. other than interest rates, everything is down. interest rates are pretty flat. it is not that they are up but we should be better than flat. if he would lower the interest rate, i think it would have a good impact on that, too. but the costs are down. we have very little inflation, essentially no inflation. hard to have inflation when oil goes down, when. when biden came in, oil went through the roof and that is what caused the problem, that and his very dumb spending. but when the oil prices go down, and they have gone down a lot, we have gotten it do

is shifting the balance to early in europe is not fast enough. well, many european leaders are pushing us for a moment. it's how are we spending across the u. s. a echo key as rest. are rick about the so called russian threat, that news over the hungry remains the one of the voices of reason with this form. it is the pages they also highlight thing that the conflict in ukraine has nothing to do with the security. he lost it, watch it was. the basic situation is that ukraine is defending itself out. it is not defending europe but itself because ukraine is under attack. i'm with you. crane is it was not a single e. u. member state or nato member state is under attack and no e u country is at war europe, the european union and the e. u. member states do not need anyone to defend them. therefore, the notion that ukraine is defending europe is simply untrue with for training. ukraine is the 1st line of defense for europe is simply a false statement. you may love it, you may hate it, but keep your thoughts and financial grievances to yourselves. the pe

the us or europe? >> definitely europe. >> you know, definitely europe. >> and you. >> see this. >> this is why we've always said, you know, for a year. >> starting to. >> discuss the us election. >> we've said. >> if trump wins for sure, you need. >> to. >> own more us assets than, than europeans. because europe is the one that has. >> most to lose. >> now, the. >> good surprise. >> of this. year is that europe is up to the challenge. what does. >> it mean? >> it means that we have germany starting. >> to. >> you know, spend. >> on the fiscal side. >> and they have huge. room to do what they're doing. >> and they. could even do more, you. >> know, when they start talking about. >> cutting the corporate tax rate. >> this is very significant. the whole northern europe, eastern europe can. >> do more. >> you know. so that's the great thing happening. and the. trump shock if you. want is triggering reaction. and i think the eu project as a whole. is being really shaken very, very hard from all. >> sides o

so quite a downturn in sentiment in europe. in terms of the sectors, no sector is trading higher this morning. these are the best performers. and the autosector, the best performer, is down 1.8%. every sector besides autos is down more than 2%. just to capture the magnitude of the selling. the worst of the bunch, the sector in europe, you have healthcare at the bottom of the bunch. the basket down more than 5%. shares down more than 7% on track for the worst day since march 2020. typically, a defensive part of the market, not today, as investors brace for trump to come after the pharma sector. treasuries, a lot of what is happening in equity markets may be tied to treasuries. we have seen an aggressive selloff in treasuries over the last few days. in particular, yesterday. right now, the 30 year trading at 4.86% or so. we had reached the 5% mark at one point in recent trade. the ten-year trading around 4.3% at the moment. and here you go. u.s. futures right now, the dow now looking to drop 400 points at the open. we were in the

my question to you is regarding europe, is europe doing enough to control or help containing the houthis in yemen ceu has a mission which has ships in the gulf to protect commercial shipping. obviously the united states has felt the need to do the same alongside it. together it's hard for me to say if it's enough. i would differ to a general cavoli who follows that much more closely. we have been helping the houthis as well, that correct? like to answer that in closed session sir. how much of the iranian and chinese threats to europe how much does that affect the united states? i guess indirectly massively directly. probably we don't have that much shipping that comes through the suez. however our warships transit back all the time so would affect their ability to conduct monetary operations for sure. i'm not an economist and i don't know how big the impact would be. >> up mr. chairman nye you back. >> chair recognizes the gentlelady from new jersey. >> it thank you mr. chairman nye get afternoon and i want to thank our witnesses for being here today. general cavoli said russia is in the

however, not every one in europe is prone to panic. some lawmakers initially have questions, the liberal narrative, and the people behind it on what else, the bottom of the field or the level of i need that i don't know we've globalization is ending, but i'm putting forward they have assess is that the problem is not active so let me remind you that those solution to find natalie of about salads are the same people who told us that brooks, it would be a disaster and sanctions in russia, a success. they are those associations and studies centers heavily dominated by all friends from the democratic party. you know, city so many economist on the business news less have publish it like a homicide is donald trump is challenging a why be on popular global system, which is already on the roads in the global list are in network with in the united states and europe that is working against the people and, and they need just a network that has been filed it for a many, many years. and now and working against the people in the united states has no

everyone in europe has proven to panic. some lawmakers initially have questions, the liberal narrative on the people behind it, on the bottom that you've seen it the globally that's, i don't know. we've globalization is ending, but i'm putting forward they have, but this is the problem as notes out of. so let me remind you that those solutions satisfy natalie of about salads are the same. people who told us that brooks, it would be a disaster. and sanctions in russia, a success. they are those associations and studies centers heavily dominated by all friends from the democratic party. you know, steve, german economist on business newsletter, publish it like a hall. my say is donald trump is challenging the why fi on popular global system, which is already on the ropes in the global list, our network was in the united states and europe that is working against the people and um, and they need just a network that has been filed it for a many, many years and now and working against the people in the united states has now a gove

the voice is in europe become loud. just saying, well actually, maybe we need to go a bit soft and kind of make nice with china because the united states is going off the reservation. do you see that being a unlikely past or do you see that discussion kind of getting noise? yeah. as time passes, i think the general expression that this might be a good idea has bubbled up from some coolness as you were mentioning that the visit of the spanish prime, minnesota. and i think they've been particularly enthusiastic about this. i think the main stream view is still that these 2 conditioning factors, and this backing for russia and the structure of the economic relationship between china and you're now, precludes doing that much. it doesn't mean that the can't be some kind of multis political just is between the 2 sides and the next period of time. of course, if china is willing to go through the sorts of steps that japan took in the 1980s an export restraint to deal with the, the impact on the european market of the size of th

defense spending in europe to europe's ignore everything else i market is white midget was directly beenense europe hunters freedom of navigation this evening european trade was a daily we do contains china growing dominance across the indo pacific statewide global markets and maritime routes the europe depends on, we do it without u.s. global power european way of life, would not exist as we know it and still, the running take primary responsibly for their own backyard enough russia, it really is a continent wide threat, as european leaders say, then where is the urgency. where is the mobilization with few exceptions, pollen in the baltic states, europe is not acting like is facing down a generational threat not even close. getting tired of being asked to go home to missouri to explain to the working americans with people i represent, why they said just more many more troops or other sons and daughters to defend the continent the refuses to defend yourself why should we care more about moscow and people in paris who are two hours away by plane it does not make sense it is time to stop p

and yes, europe will have to step in much more muscular. and there's an example of that is the northern countries, poland, the baltic states, you know, york city, but because it has got to be able to overcome its collective action problems, start acting as a blog, start acting with the understanding that this is a do or die moment that will decide that the destiny of european liberal democratic project. okay, ed pebble, what's your sense about what russia's calculation is here? because they will know that the lensky cannot, has not accepted the trump plan. they will know that the, you will never buy it. and put it in an experience, pursue me, taking a considerable hit, and presumably cannot go on indefinitely. well, the russian assessment of the situation that was se, made public and made header, or a bias of getting that issue in the chief of the foreign and intelligent services to be are. and he was speaking of his capacity is x. so that's the opinion of the intel. i see on the far an intelligence agency of russia that you're creating rig

military presence in europe. europe. so general cavoli, how woodcutting u.s. forces from eucom impact ability to respond to a crisis or potential conflict with russia? >> it would reduce, it would increase the amount of time it took to respond. it depends on what forces were hypothetically to be removed. it depends on what kind of action where required to counter russia but clearly moving things to the undecidability increases the time space challenge. other than that i do want to be evasive but it's really a very situation dependent question. >> would removing, to be more clear, our brigade combat team from poland are having our forces stationed in germany or italy slow your response to a a russian assault on her eastern european allies? >> yes i have consistently testified to the. >> thank you. so as we move forward he can you talk a little too as you mentioned about what you think the key strategic aspects are of russia's military? >> so in the broadest sense? >> that provides the biggest threat to the united states? their nuclear arsenal. >> what about cyb

these are things we do internally in europe within the ssm. we operate in a global environment where we depend on global standards, on coordination, and the european banks, as many banks are integrated into a global financial system. as we all know, the risks exposed can cascade swiftly through the system. many times it is different. the financial crisis keep reoccurring given by high leverage and painful market corrections to overvaluation. this is why we have to be very vigilant to make sure the banks have sufficient ballast to withstand some shifts in economic conditions that they navigate with sufficient distance to avoid collisions and they don't sail too close to the wind, take on excessive risks following short-term gains only to find themselves to stay afloat when conditions suddenly change. we have a framework globally for dealing with this. i mentioned the basel framework making sure we have cross-border cooperation, the same standards reducing the probability of crisis. just as we work on financial stability in europe, we are suppor

tf gas towards europe technically.ut then commercially and politically, there are many, many issues. on one hand, germany in general and europe might probably like to see more gas in the russian gas in their energy mix. if there is some sort of resolution between russia and ukraine, if it wouldn't be too disgusting for them to buy russian gas, right? it was quite expensive for them to switch to lng. yeah, they would love to get their gas cheaper. russia would love to sell more of its gas because currently it's gas. it's stranded. >> yeah. >> us would probably love to have some control of russian european gas trade. on the other hand, this is an anathema for ukraine that construction of nord stream two was something that ukraine was fighting tooth and nail back in 2018, 2019. yeah, it would mean that ukraine is sort of excluded from european russian gas relationship, but also for the us, nord stream two is a competitor for lng that is coming from the us gulf coast. right. and there are much more of lng that is poised to

let's kick off with the selling we've seen in europe, in your view.hat's been the dominant force of the outsized selling we've seen in the banks? >> yeah, i think it's a little bit like the defense sector. i mean, the. grousing from some of the players also, because in this kind of markets, liquidity. is king or queen. so you sell the winners and the banks. >> they have. >> had. >> the last. >> the sharpest drop. but if you up until. the beginning of last week they were up 30%. >> in. >> europe, which is something we haven't seen. in many years. so it. makes sense to sell. >> what you can. >> when you can. >> it's a great point when you look at the long term chart, i don't know if we have it here. the stoxx 600 banking index year to date that a lot of these stocks, despite the brutal selling that we've had in the last couple of days, are still up on the year. are there any signs of stress in the banking system? this was something, you know, there was murmurs of it on friday. some concern and this would obviously be take things to another level in term

but europe has also europe has been very, very bad to us. europe has taken our leaders for a ride. they don't take our cars. they don't take our food products. they don't take anything. and we take their cars. mercedes, volkswagen, bmw, you know, we take their millions of cars. they take no cars. they don't take our farm product. they don't take anything. europe's treated us very badly. we put a big tariff on europe. they are coming to the table. they want to talk, but there's no talk unless they pay us a lot of money on a yearly basis. number one for president, but also for past, because they've taken a lot of our wealth away. and we're not going to allow it to happen. >> have you talked to any tech. >> leaders over the weekend about the tariffs? >> yeah, i talked to the biggest in the world. i talked to the biggest of them all, many of them. but i've talked to i would say 4 or 5 that are considered the biggest. they don't you know what they said. we don't blame you. >> who did you talk to? >> i don't want to say i'll put it out. i may give it to you. i have to find out if they mi

in case of europe you are actually right, three fastest-growing economies of europe, poland, romania and croatia. all three countries, not that rich, i don't want to sit for ten years ago it was different. it's not only about highways or -- it's about also national security. if you look at polish, maybe not takes in the road they can buy because they already buy everything you're so now they're going to go to korea. romania as of the new poland, juneau, with super army as well. not only database but united states. taking care of -- [inaudible] >> romanians are smiley and the audience. >> we love romanians. we're very happy invested there. so for us, for us we see this as a business opportunity as well. we definitely support by the way and yes, we can talk whether it's harsh or too pushy but we support the united states and bipartisan manner unseen because previous administration was telling us hey guys you need to spend more. and now germany with new disco stimulus it's a business opportunity. c1 trillion will be spent in the next figures pics of basically this push is good, and if w

might be benefiting europe.is bloomberg. ♪ ♪♪ [breathing of man through a mask] [woman exhaling] [flames crackling] ♪♪ [water crashing] [scrubbing] [salt falling] [fire crackling] [cheering] [flames roaring] [liquid flowing] [water rushing] [water droplets falling] [water falling] [water running] [wind ruffling] [waves crashing] ♪♪ [seagull screeching] [waves crashing] [frog chirping] [birds chirping] ♪♪ [waves roaring] tom: happy friday. we have some lines crossing from china. the politburo meeting in beijing. expected fiscal support. the politburo saying china will cut the rrr rate and rates more broadly when needed. the economic recovery needs to be further reinforced, says the politburo. china facing 145% tariffs from the u.s., fiscal policy to be more proactive. the politburo will be supporting enterprises affected by tariffs. specific lines from the politburo on what they plan to do to reinforce this economy in light of those trump tariffs to support enterprises to increase the income of low income groups.

europe is very important to me. europe is very important to me. europe is very important to the world. i want europe to do very well. i think they have to get a lot smarter on immigration. >> but we are beginning to it doing it. you've seen, you will see now the policies of the european union in the last, let's say, two and a half years have been changing. okay. at the beginning we were talking only about how we were redistributing illegal migrants coming to italy. now we are talking mainly about how to stop illegal migration, work with the countries of origin and transit, and to return people. the european commission just did the new rules about repatriations and things like that. so things are changing. thanks also to the example that italy brought in lowering lowering the rates of illegal migration. so they we are working now together. so i'm optimistic on that. >> i hope so. go ahead. >> i hope so. go ahead. >> please go ahead. i would like to ask president. >> only if you have discussed the option of satellite communications. and to president

retreat from europe. they've often been doing so that coordinate with the secretary of defense and the national security council. as i have said has mobilized for permanent permanent or without any hope of lasting peace in europe. right now we have unique opportunity and europe. president trump's leadership and the russian threat have jolted russia awake. many nations have begun rebuilding their military. our allies on the eastern flank are all spending much more than we are. much more than we are. the united kingdom and france are awakening, even germany shows signs of stirring. nato should be led by the united states europe should shoulder most of the military burden. we could achieve that by combining the right incentives with low cost assistance from the united states. including a drastically overhauled foreign military sales system. to build that we must maintain the current posture which will serve as a bridge to the planned buildup of combat power right european nato allies. after three years of wa

the 1st line of defense for europe is simply a false statement. you may love it, you may hate it, but keep your thoughts and financial grievances to yourselves. the people running the show in europe have decided there's no turning back from more military spending . hundreds of billions of you know, slash dollars. now we're rolling in in the last couple of months. this is probably the biggest search in defense spending. the i've seen in canada and your seems to goals where it seems, the burning bull came down. we've reached a historic agreement to increase our defense capability and our defense spending and to do it to get them. this is a favorite set of moment for your fee and security. it is a pivotal moment for action. yes, that's the needs of addition of funding are massive. we need to scalar, we needs to be prepared. we need to produce and we need to protect. that is essentially what our citizens are asking from us. that is essentially wants to, to take for you to say, we are ready to put finally all the money where i'm office is that really w

alexandra is russia threat to europe? absolutely not only toyota, but it's also not a threat to any way anyone in the world because the russia was originally was used to protect itself is the survival existence. it's continuation. and what we have witnessed until law is only answers from the russian side after any of the threats that the question and i mean you're in union. i mean they don't. so usually it's rushes answer to any kind of publications coming from the west or from anywhere in the world. i don't see any kind of impression from the rest of us. that could be a threat. and let me clarify this fee. there is that each frightens me more and more to hear many european union politicians trying to brainwash the electors in order to say that russia has no power, that the russians bluffing and their address at these presently, normally 30 power in order to make people accept that we really need to go to work for us yet, and we should, it's often more and more here in europe, that there are a lot of people, but still say

i would like to explain how we do this in europe. how the supervisory mechanism we contribute to the fact the european banks remain trusted counterparts and we contribute to financial stability globally. third, we remain committed to international coordination and cooperation when it comes to supervision. let me give you a quick recap of how we do supervision in europe. the banking union was established 10 years ago. it was a very strong response to the global financial crisis that european sovereign debt crisis which showed the deficiencies you can have if you have supervision organized at the national level. the ability to benchmark banks across countries and different supervisory standards across countries. the policymakers listened very well to the deficiencies exposed at the time and created the banking union, the single supervisory mechanism, the single resolution mechanism. and deposit insurance would be the third pillar, the incomplete part of the banking union. policymakers listened to the signal coming from the crisis. mark

and without the united states in europe, it might well decide to go after nato countries. so look, it's a, it's unpleasant. what we're going through, i understand the reaction of european countries, and all i can say is take a deep breath. let's stop talking about all this in public. let's talk about it. behind closed doors, truck, we'll talk about it in public. turn. the volume off on the television set when he comes on. and let's find a way through this. there's a lot of concern around the world as the united states maybe already is in the constitutional crisis. when you look at donald trump aiming to change the voting you all us in the country, do you share the sentiment a well not much of the executive order has no force or effect at all. these are state and local issues. and if the federal government does get involved in voting, which is done from time to time, it has to be by active congress. so this, this is a truck uh, typically getting publicity for something that he thinks is politically useful to him. by the time the litigation catches up with it. it could be 2